The EURJPY has been in a descending channel since the beginning of August and is currently in the upper range of aforementioned channel. In addition there is also a horizontal resistance area @129.000. The only thing that is bothering me a bit is the fact that price is stalling at current level... preferably price touches/pierces resistance and moves away from it soon after. Anyway, still a nice opportunity to watch imo.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.